CUPERTINO, Calif. ( TheStreet) -- Apple (AAPL - Get Report) is on a tear as its stock price has reached multiple new highs over the past week. While it might make sense to buy Apple in anticipation of a peak on the iPad's April 3 launch date, Apple's current price of about $224 isn't exactly cheap.
There are, however, a handful of tech stocks that allow investors to take a bite out of Apple and its phenomenal swell on the cheap. While most of Apple's future-facing products and suppliers are still shrouded in mystery -- Apple didn't respond to TheStreet's request for comment on this story -- investors are likely to see Apple-related upside in Broadcom (BRCM - Get Report), AT&T (T - Get Report), SanDisk (SNDK), and OmniVision (OVTI - Get Report).
Alternatively, investors that want to play Apple in the market but avoid the risks associated with one specific stock might want to consider an ETF with a position in Apple. Apple accounts for just over 15% of the PowerShares QQQ Fund (QQQQ), which has risen more than 77% in the last twelve months.